Deutsche Bank expects the Nio main brand to deliver around 8,000 units in February, and the Onvo sub-brand around 5,000 units.
Tesla is at its lowest in almost 24 months as it clears out older Model Y inventory.
Category: CnEVPost
Li Auto to update existing models in May, bringing smart driving hardware upgrades
Li Auto will upgrade the smart driving chips in updated models, and start using the Nvidia Thor-U chip.
It will add LiDARs to less expensive variants, making the component standard all models.
Chery files for HK listing to fund further expansion
In the first three quarters of 2024, Chery realized a net income of RMB 11.3 billion, up 58.5 percent year-on-year.
Chery sold 2.6 million vehicles in the year 2024, up 38 percent year-on-year.
Xiaomi SU7 Ultra hits annual sales target of 10,000 units in 2 hours of availability
The SU7 Ultra starts at RMB 529,900 ($72,930), which is 34.97 percent lower than Xiaomi’s previously marketed pre-sale price.
The first vehicle deliveries of the Xiaomi SU7 Ultra are expected to begin in March.
Xiaomi officially launches SU7 Ultra to take on Porsche
The Xiaomi SU7 Ultra starts at RMB 529,900 ($72,930), a reduction of RMB 285,000, or 34.97 percent, from the previous pre-sales price.
The Xiaomi SU7 Ultra secured over 6,900 orders within 10 minutes of opening for ordering.
Xiaomi SU7 gets over 248,000 locked-in orders in 9 months by end of 2024, CEO says
By the end of 2024, the SU7 had accumulated more than 248,000 locked-in orders in just nine months since its launch.
Customers who buy the SU7 now still have to wait about 30 weeks, or seven months, for delivery.
Mercedes cuts jobs in China to cope with ‘challenging’ market conditions
Mercedes-Benz said it will cut redundant roles in China, and consolidation of the business will inevitably involve some staff.
A local media report yesterday said Mercedes-Benz China was laying off about 15 percent of its workforce.
CATL, Baidu tie up for collaboration including jointly making autonomous cars
CATL and Baidu will explore the use of CATL’s batteries, battery swap products and services, and skateboard chassis in driverless vehicles.
The two will explore and create competitive driverless vehicle products and innovative business models.
Li Auto to report Q4 2024 earnings on Mar 14
Li Auto delivered 158,696 cars in the fourth quarter, below the lower end of its guidance range of 160,000 to 170,000 units.
It had previously guided fourth-quarter revenue to be between RMB 43.2 billion ($5.94 billion) and RMB 45.9 billion, up 3.5 percent to 10.0 percent year-on-year.
Nio opens 1st swap station in UAE, its 1st in MENA region
In the UAE, a single battery swap service costs AED 119 ($32) for a 100-kWh battery pack and AED 99 for a 75-kWh pack.
Nio aims to expand its global presence to as many as 25 countries and regions by the end of 2025.
BYD, DJI to unveil on-vehicle drone system on Mar 2
BYD already has a drone system on the Yangwang U8, and has filed for variants with the system for several less expensive models.
The system will allow the drone to follow the vehicle and record moments of travel.
China’s lithium industry gets long overdue relief as order intake and prices recover
There have been frequent cases of LFP producers receiving large orders, and some of the big players are raising prices.
Rising demand and product technology iterations are the two main reasons for the recent price hikes, analysts said.
Analysts expect Nio’s battery swap business to break even by end of 2026
As Nio’s car sales rise, the number of battery swap services is expected to grow rapidly, analysts said.
They expect Nio to see a big improvement in the bottom line in 2025.
Nio completes its 1st swap station in MENA region
Nio has built its first battery swap station in the MENA region and the facility is expected to be operational on Thursday.
Last November, Nio House Abu Dhabi opened, Nio’s first flagship showroom in the MENA region.
Hongqi launches Tiangong 05 all-electric sedan starting at $22,020
The Tiangong 05 sedan is available with 62 kWh and 85 kWh battery pack options and a CLTC range of up to 750 km.
This is the second BEV Hongqi has launched this year based on its Tiangong modular platform.
China NEV retail at 445,000 in Feb 1-23, down 16% from same period last month
China’s retail sales of all passenger cars from February 1-23 were 924,000 units, 30 percent lower than the same period last month.
Cumulative retail sales of passenger NEVs in China so far this year were 1.189 million units, up 29 percent from a year earlier.
Tesla uses videos from internet to train FSD for China, says Elon Musk
Tesla used videos of Chinese roads and signs publicly available on the internet to train FSD.
FSD-like smart driving features started to become available in China, sparking widespread discussion on social media.
Lynk & Co presents 08 hybrid SUV in Europe, starting at $55,630 in select markets
The Lynk & Co 08 will be launched in Europe in June, offering 200 km of WLTP battery range.
The Lynk & Co 08 is Lynk & Co’s third model in Europe, following the Lynk & Co 01 and Lynk & Co 02.
Xiaomi CEO says ‘90% sure’ SU7 Ultra will hit 10,000-unit sales target this year
The SU7 Ultra will be launched on February 27 and is currently available for pre-order at about four times the regular SU7’s price.
Xiaomi’s intention with the SU7 Ultra was to create a new luxury vehicle that belongs to this era, said its CEO.
Nio Onvo shares new image of L90 in direct comparison to Li Auto’s flagship SUV
Onvo today shared a new image about the L90, continuing to benchmark the model against Li Auto.
The move signals Onvo’s more aggressive approach to the stiff competition to come.
